Wednesday, December 07, 2005

Congress Passes Tax Incentives for Charitable Giving

When hurricane Katrina devastated the Gulf Coast region, tens of thousands of Americans were left homeless. Thousands of Americans volunteered and gave to support those in desperate need.

As the recovery process began, Congress recognized that all American charities would need support. In order to help charities like Campus Crusade for Christ in this time of great need, Congress changed the charitable deduction rules.

Cash gifts for any purpose given by an individual between August 28 and December 31, 2005, will generally be deductible up to your full income.

Campus Crusade's The Great Commission Foundation has prepared two resources to help donors maximize this opportunity: